AtheroMed: Volcano closes $117M AtheroMed buy

Volcano pays nearly $117 million in cash and puts another $15 million on the table in milestones for AtheroMed and its Phoenix atherectomy catheter system.Volcano (NSDQ:VOLC) said yesterday that it closed the buyout of AtheroMed and its Phoenix atherectomy catheter system, paying out roughly $116.5 million in cash but netting about $1.7 million in cash on hand from AtheroMed.Volcano Corp., AtheroMed Inc.News Well, Mergers & Acquisitions, Peripheral Artery Disease, Wall Street Beatread more